SOL cryptocurrency trades up $0.262, approximately 1.35% higher going into tomorrow

Solana trades at $19.63 after gaining $0.262 (1.35%).

Solana made an initial breakout above its 5 day Simple Moving Average at $19.47, a potential indicator of a newly emerging bullish phase. SOL's lower Bollinger Band® is at $18.96, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Solana could be slowing down soon; it is getting close to the resistance line and is now at $19.63, only 16 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Solana might continue pointing upwards in the short term.

Solana shows positive signs, other assets are also on par: FTX Token soars 9.54% to trade around $1.36. TRON is up 1.5%. Polkadot goes up 1.23% to trade around $5.31.

Having soared to a high of $47.35 approximately 11 months ago, SOL is now trading 59.09% lower. Solana has a market cap of 7.78 billion with an average daily volume of 279.55 million.